ANGUR Price Prediction Today: Daily (REP) Value Forecast – June 11
- The short-term outlook is in a range-bound market while the medium-term is in a downtrend.
- Responsible selling at key areas in the medium-term may be considered.
REP/USD Medium-term Trend: Bearish
Supply zone: $20.00, $22.00, $24.00
Demand zone: $10.00, $9.8.0, $9.60
ANGUR is in a downtrend in the medium-term outlook. The predicted initial target at $19.00 in the supply area was achieved on 8th June. Increased bullish momentum pushed price up to $20.97 in the supply area as the new trading week began on 9th June. This was a retest of previously broken demand area on 29th May.
The bulls exhaustion was obvious and denoted by a long-wick inverted candle as the bears made a gradual entrance to the market. Confirmation of the bears' takeover occurred with a large bearish candle at $20.02 as the cryptocurrency fell to $17.50 in the demand area.
Today 4-hour opening candle at $18.93 showed the bears are back after the bulls momentum loss at $19.69.The inverted doji was a strong confirmation of further downward price movement. $17.50 in the demand area may be bears' initial target.
REP/USD Short-term Trend: Ranging
Yesterday 1-hour opening candle gave the day trading session to the bulls as indicated by the bullish candle at $17.59. REPUSD rose to $18.99 in the supply area before the end of yesterday session.
The bullish momentum was sustained with price up at $19.69 in the supply area as the market today as the cryptocurrency consolidates in the short-term.
The cryptocurrency is consolidation and trading between $20.00 in the upper supply area and at $17.50 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.
Live Augur (REP) Price:
1 REP/USD =$11.9137 change ~ 3.80%
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